Arcontech Readies Excelerator Version 3 for Q2 Release

16/04/2010

London, 16 April 2010.  Following significant new contracts in 2009 and the addition of advanced features in response to client feedback, Arcontech will release, this quarter, version 3 of CityVision Excelerator, its real-time market data “add-in” for Microsoft Excel™. The upgrade is designed to further improve usability, flexibility and compatibility as well as easing migration from competitive products.

The Excelerator product allows traders and analysts to bring real-time data into their spreadsheets from multiple sources, including the Reuter RMDS platform, internal data and other non fee-liable services. It also allows contribution of data from the desktop to multiple destinations, including data vendors like Thomson Reuters and Bloomberg. Implementing Excelerator in place of bundled solutions from data vendors can lead to considerable cost savings as well operational streamlining and increased performance.

Commenting on the forthcoming release, Andrew Miller, CEO of Arcontech said: “This version is inspired by extensive research, trials and constructive feedback from the many banks and brokers we are working with. The redesigned user interface provides a more intuitive look and feel for advanced users, whilst retaining the dynamic approach popular with users.  We have also re-engineered the internals to use our Microsoft .net API (DNA), thereby improving performance and robustness even further and enabling us to build in much requested advanced VBA functionality.”

The new VBA API makes the full power of Excelerator and DNA available from Excel macros, for both real-time publishing and subscription. Users can receive, process and contribute data programmatically, often with a single line of code, without needing to populate spreadsheet cells or set up complex links.

A further area addressed is ease of deployment, integration and conversion, particularly in a Thomson Reuter RMDS environment. The product is now self-configuring, DACS compliant and includes a utility to convert spreadsheets to CityVision formulae which has dealt flawlessly with the most complex spreadsheets presented to it.

“We are seeing that data-vendor independent solutions are increasingly in demand within institutions where choice, cost and future-proofing are important – most firms, in fact”, added Miller. “Excelerator’s ability to connect to and integrate multiple data sources, platforms and domains, means that it is ideal as part of a forward thinking market data strategy.”